Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[SnakeEater]

vertminer --scrypt-vert -Q 0 -o 54.193.29.65:9171 -u VaP2FDRn3x2skj4tzFdXFqLL1Jn987fgR6 -p x --gpu-engine 1050 --gpu-memclock 1210 --auto-fan --temp-target 75 --temp-overheat 90 --temp-cutoff 95 --gpu-powertune -20 --worksize 256 -I 13 -g 1 --lookup-gap 1

[1715393790]

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[1715393790]

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[1715393790]

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[1715393790]

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[1715393790]

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[lucazane]

POOL http://vtc.theblocksfactory.com/ POOL

0 % fee
2 VTC Finder Reward.
American and European stratum servers ready to accept your shares.
DDOS protected servers

Unfortunately the pool is not listed on vertcoin.com because it's not an mpos pool ...

{"pool_name":"The Blocks Factory","hashrate":"10583.627","workers":"8"}

So we need more support from you ... the miners.

[gg234]

Thank you so much guys it works now

Guys i am trying to mine this coin with the following settings and i have 2 asus r9 280x cards.I am getting 15k/hash for one card and 345k/hash for another card why i am getting one card only 15k/hash.If i use scrypt i get 1.5m/hash only problem with vertminer

vertminer.exe --scrypt-vert -o stratum+tcp://105.united-miners.com:3317 -u xxx -p xx -w 256 -I 13 -g 2 --lookup-gap 2 --gpu-powertune -20,-20 --temp-overheat 85 --temp-cutoff 90 --gpu-memclock 1500,1500 --gpu-engine 1000,1000 --thread-concurrency 8191

vertminer.exe --scrypt-vert -o stratum+tcp://105.united-miners.com:3317 -u xxx -p xx -w 256,256 -I 13,13 -g 2,2 --lookup-gap 2,2 --gpu-powertune -20,-20 --temp-overheat 85,85 --temp-cutoff 90,90 --gpu-memclock 1500,1500 --gpu-engine 1000,1000 --thread-concurrency 8191,8191

-g 2 (not 2,2 it wont work)

[bitluryz]

I've just find Vertcoin logo on http://www.bitgild.com/ ( gold/silver/platinum seller )  this is new ?

[deky_]

. VTC might blow the sky once the 25-30mhz asics come out..

  I've been thinking a lot about the future when asics come. GPU's will have to move to scrypt n, thousands of miners on VTC and at the end of the day most of them trying to sell them to get some money to pay for the power and gpu cost, cause they come from a market where they were losing money cause asics. So imagine the price of VTC with thousands and thousands of new sellers.   To keep the price we need thousands of new buyers.

Ive been thinking about as a lot as well. Can we have a discussion on this?

The standard response would be "we will build up vert as a brand to be able to buy/sell products with". But breaking into a (semi) common method of payment will be 100x more difficult than what btc went through..

thoughts?

Developing economy around a coin is a valid way to increase usability/value. But I also think that the whole "ASIC resistant" coin trend will continue and there will be quite a few coins out there that are ASIC resistant (EXECoin for example). I don't believe that all of GPU hashing power that is in use at the moment will shift only to VTC, which is good for us. Some people (small players probably) will completely give up while ppl with a lot of GPU rigs will find a safe haven in the new generation of coins.

When it comes to developing economy around the coin, we should be thankful to BitCoin because their community is doing all the grunt work for us, dealing with much bigger issues when it comes to mass adoption. I think that we (devs + community) should try and take advantage of that. And ride out on top of the road that they have paved. I mean specifically the services that are built around BTC who could potentially support other cryptos without much effort (moolah ATM for example). Can you imagine when PayPal starts accepting BTC, what will be big, now what if (and probably is) it's possible to include other cryptos as well? Why not VTC...

Possibilities are out there, we just have to spot them and take advantage. I wouldn't be worried too much about ASICS, what VTC did is it started a trend which will (and is) be picked up and it is the leader in a whole new generation of coins.

My 5 cents 

[mharvester]

. VTC might blow the sky once the 25-30mhz asics come out..

  I've been thinking a lot about the future when asics come. GPU's will have to move to scrypt n, thousands of miners on VTC and at the end of the day most of them trying to sell them to get some money to pay for the power and gpu cost, cause they come from a market where they were losing money cause asics. So imagine the price of VTC with thousands and thousands of new sellers.   To keep the price we need thousands of new buyers.

Ive been thinking about as a lot as well. Can we have a discussion on this?
.....
thoughts?

I don't believe that all of GPU hashing power that is in use at the moment will shift only to VTC, which is good for us. Some people (small players probably) will completely give up while ppl with a lot of GPU rigs will find a safe haven in the new generation of coins.
....

So, in my opinion when GPU mining for scrypt will be killed by ASICS, VTC raise its difficulty to balanced level, specific diff value is not very important. We do not know the new network speed, so we cannot calculate target diff and as the result - target price, but price will grow in medium term after diff grows.

Of course, diff is only one component of a price, but others are much better than most coins has.

For me, current VTC price is a result of deliberate actions designed to buy as many VTC as possible by very limited group of traders.

[Wexlike]

this is such a weird situation. i know that vert is the future when the scrypt asics arrive, i really would like to invest while its that cheap. i m just afraid it might drop even more. really fucked up market right now. :/

[voephilis]

this is such a weird situation. i know that vert is the future when the scrypt asics arrive, i really would like to invest while its that cheap. i m just afraid it might drop even more. really fucked up market right now. :/

thats right! I´m mining and buying all the time! hard times, but it will pay out one day!

[AlexGR]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

[Vertcoin]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

1. Please don't forget to consider the price with plenty of RAM
2. Please don't forget to consider that you are talking about ASIC which is fixed circuit

[gargouri2001]

one of the reason why i am dumping all my coins now , price already 10x lower and see no reason why it will improve , even if let say no asic's scrypt are out what will happen then > vert and similar coin will get 200 ghash+ of mining power all wanting to dump their mined coin , price will go even lower and lower until it will be unprofitable to mine this coin (price/electricity)

[Hannilein]

In my point of view this is the perfect use of an ASIC resistant coin.
Gamers usually got the right GPUs to mine coins anyways.
Being able to profit in their game by mining VTC while they are not playing would be very interesting for many people.
Since VTC is ASIC resistant and gamers continuously upgrade their gpus even on long term view VTC is the perfect crypto coin for that type of business.

Is anyone of the VTC community in touch with such a site? Who of the devs would be responsible for marketing VTC towards gold selling sites? How can I / we support in such a project?

This is a pretty cool idea - I like the connection between ASIC resistance and gamers, but I really know nothing about mmorpgs - I'll ask around within the dev group and see if we have anyone with experience/knowledge in that area, but I'd also obviously be pleased to hear from people in the thread who know the mmorpg market and would know where to start with this.

Hi Boris
any news yet from dev team?
If you consider going that direction and need help with it I would be happy to assist you guys.

[mega]

Hello guys.

Im the owner of a multigaming clan. We are represented at 6 games now ( Starcraft II, League of Legends, Dota 2, Counter-Strike: Global Offensive, Diablo 3, HeartStone) and expanding to new ones as players join us. We have around 200 members at the moment.

Since we're looking for new sponsors, and since I believe in Vertcoin, I'll be happy to be sponsored by VTC.

What do you dev's think about this?

mega

Ps. Vote for VTC:
https://www.icurrex.com/coin_poll

Edit: We run 2 facebook pages, 1 twitter, twitch account for streamers, own website, team clothing gear, etc. We regularly participate at offline events which are visited for thousands of participants and visitants.

[ieatm3s]

one of the reason why i am dumping all my coins now , price already 10x lower and see no reason why it will improve , even if let say no asic's scrypt are out what will happen then > vert and similar coin will get 200 ghash+ of mining power all wanting to dump their mined coin , price will go even lower and lower until it will be unprofitable to mine this coin (price/electricity)

If that hashrate hits VTC, an average miner would mine about 0.5 VTC/ day which I am sure he would not give up for only 0.001 BTC. Combine that among lots of people and the price will find an equilibrium somewhere a lot higher than now.

[nonny12]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

If an ASIC was created for the current N factor of 11, then it would be obsolete when the N factor raises to 12. Creating and fabing a custom ASIC chip has a startup cost of at least $500,000 and maybe closer to $1 million. Companies would have to repeat this process every 1.5 years when the N factor increases.

Memory is not the only thing keeping the current scrypt ASICs from working on N factor 11. Discrete logic is also missing in those scrypt ASICs that make them unable to calculate VTC N scrypt algo.

[BorisTheSpider]

If that hashrate hits VTC, an average miner would mine about 0.5 VTC/ day which I am sure he would not give up for only 0.001 BTC. Combine that among lots of people and the price will find an equilibrium somewhere a lot higher than now.

Yes the other thing that people miss in their (in my view) excessive focus on prices rather than value, is that a massive network hashrate is what actually protects the money invested in a blockchain in security terms, and that you can only protect as much money as you have hashrate - that is to say, you must make it unprofitable to attempt to attack a blockchain. BTC can protect several $B because it has the hashrate to do so (albeit it is not as decentralised as it should be).

[BorisTheSpider]

Hi Boris
any news yet from dev team?
If you consider going that direction and need help with it I would be happy to assist you guys.

Great stuff - I did ask around and no-one has a lot of experience in this area it seems, so it would be great to talk to you more. Please can you email me boris@vertcoin.org and we'll exchange skype details and get you involved.

[AlexGR]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

If an ASIC was created for the current N factor of 11, then it would be obsolete when the N factor raises to 12. Creating and fabing a custom ASIC chip has a startup cost of at least $500,000 and maybe closer to $1 million. Companies would have to repeat this process every 1.5 years when the N factor increases.

Memory is not the only thing keeping the current scrypt ASICs from working on N factor 11. Discrete logic is also missing in those scrypt ASICs that make them unable to calculate VTC N scrypt algo.

So, if I get it correctly, the best combo to mine Vert is FPGAs with plenty of ram?

one of the reason why i am dumping all my coins now , price already 10x lower and see no reason why it will improve , even if let say no asic's scrypt are out what will happen then > vert and similar coin will get 200 ghash+ of mining power all wanting to dump their mined coin , price will go even lower and lower until it will be unprofitable to mine this coin (price/electricity)

If that hashrate hits VTC, an average miner would mine about 0.5 VTC/ day which I am sure he would not give up for only 0.001 BTC. Combine that among lots of people and the price will find an equilibrium somewhere a lot higher than now.

The average joe making 0.5 vtc may not, but who knows about the "whale" miner who is there to simply rape the coin and cash out.

[gargouri2001]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

If an ASIC was created for the current N factor of 11, then it would be obsolete when the N factor raises to 12. Creating and fabing a custom ASIC chip has a startup cost of at least $500,000 and maybe closer to $1 million. Companies would have to repeat this process every 1.5 years when the N factor increases.

Memory is not the only thing keeping the current scrypt ASICs from working on N factor 11. Discrete logic is also missing in those scrypt ASICs that make them unable to calculate VTC N scrypt algo.

if all miner get in this coin , i see no reason why price would increase , there will be more dump from more miner and the price will keep getting down until small miner quit and remain only bigger one with minimal profit margin .
price increase if there is a demand for the coin , not due to the  number of miner , most miner are just dumper and if they will hold somethings it will be either btc or ltc

[AlexGR]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

1. Please don't forget to consider the price with plenty of RAM
2. Please don't forget to consider that you are talking about ASIC which is fixed circuit

Right now DDR3 is priced at ~10$/gb, which means that a 256gb RAM implementation would cost a mere 2.5k - and these are retail prices, probably its half or less for wholesale / manufacturer-to-manufacturer deals etc. If such an ASIC comes online and the coin adapts to higher factor, there would be a lack of GPUs able to cope with high memory demands because GPUs don't have that type of RAM.